CFTC Eyes Changes To Commodity Broker Bankruptcy Rules

Law360 (April 14, 2020, 7:04 PM EDT) -- The U.S. Commodities Futures Trading Commission proposed revisions to decades-old rules governing commodity broker bankruptcies in one of several actions taken on Tuesday, saying that its antiquated rules don't reflect modern market realities.

CFTC Chairman Heath Tarbert said updates to the agency's bankruptcy rulebook are needed to provide market participants with more clarity. He said the proposal, which was submitted by a unanimous vote, mostly codifies market practices that have evolved over time by necessity.

"This regime is intended to protect customer funds, but having antiquated rules does not help achieve that goal," Tarbert said, referring to Part 190 of the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!